VANCOUVER, British Columbia – TDG Gold Corp. (TSXV: TDG | OTCQX: TDGGF) has announced the initiation of a Preliminary Economic Assessment (PEA) for its wholly-owned Shasta Gold-Silver Project, located within the Greater Shasta-Newberry Project area in the Toodoggone District of north-central British Columbia. Ausenco Engineering Canada ULC has been appointed as the lead consultant for the study, which is expected to be completed in the third quarter of 2026.
Demonstrating Potential Economic Viability
This inaugural PEA will establish the first economic benchmark for Shasta by evaluating the existing mineral resource within a preliminary mine plan and processing flowsheet, while leveraging the company's infrastructure framework and current permits. In addition to establishing a baseline case, the assessment will explore a broader development scenario that potentially incorporates material from the Mets Mining Lease mineralization and reprocessing of historical tailings from the Baker tailing storage facility.
The study will provide shareholders with initial project metrics, including potential scale, capital intensity, operating cost profile, mine life, economic sensitivities, and opportunities for future optimization.
“A mineral resource is an important foundation, but investors need to understand what that resource may mean economically,” stated Fletcher Morgan, Director and CEO of TDG. “The PEA is designed to provide that first disciplined economic framework for Shasta and to identify the key technical and economic drivers that will guide future work.”
Corporate Strategy Update
Management believes that TDG's 100% owned Toodoggone assets are currently undervalued, given the success of the 2025 Aurora West drilling campaign, the gold-rich porphyry discovery potential, the existing mineral resource at Shasta (coupled with its permits, proximity, and access route to Aurora), and the Mets mining lease containing some of the highest grade, shallowest, thickest gold in the district with expansion potential.
TDG remains well-capitalized with a near-term strategy focused on three core objectives:
- Demonstrating value within the existing portfolio of assets, with the proposed Shasta PEA representing a key strategic objective;
- Systematically advancing all assets toward value-unlocking milestones, including technical studies, permitting-related work, and exploration advancement; and
- Delivering outperformance through discovery, with the company’s fully funded 2026 drilling campaign at Anyox expected to conclude by the end of June, with assay results anticipated thereafter. In parallel, TDG continues to evaluate the potential for additional Aurora-style gold-rich copper porphyry targets in the vicinity of Aurora West.
